Bitcoin has broken back above its last lower high, a pattern that has preceded strong rallies every previous time it appeared — a bullish setup for holders.

• Bitcoin closed above the last lower high, flipping the trend structure back upward.
• This has happened only six times in Bitcoin's history, and each time was followed by gains over the next six to twelve months.
• The 2023 case saw a short correction first, then a rally that ran for well over a year.
• The February 2020 signal took about six months to confirm before Bitcoin took off.

Outlook: If the pattern repeats, the next six to twelve months favor higher Bitcoin prices, though an early dip would fit past cases.